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Property market news: New Rightmove & Zoopla rules, overvaluing and the big vs local agent debate

The property market has been hitting the headlines recently and a number of interesting stories have got our attention.  Clearly there are current concerns about prices due to Brexit, but there are also good news stories around of local property hotspots.

New rules for selling your home on Rightmove & Zoopla

One story that caught our eye was the new Rightmove & Zoopla rules over relisting properties.  In an effort to combat unscrupulous activity in the property market by some estate agents both portals have now set tighter rules on re-listing homes.  In a practise called “portal juggling”, some agents were re-listing homes that have been on the market for a while to make them look new and bump them up the search rankings.  This could be done by taking a property off the market for just 14 days, but Rightmove have now increased this to 14 weeks.

We are huge supporters of this move as practises like ‘portal juggling’ is part of the reason we set Check 4 Houses up back in 2010.  Our founder Paul Hemmings recognised the notorious behaviour of some estate agents who appeared to be complicating the selling or purchase of a property for customers.  He wanted to create a flexible and reliable service for customers that was as stress free as possible; offering a personal approach to with a cost-effective pricing package to suit them.  We also strongly believe in not overvaluing properties.  Therefore we wouldn’t ever need to engage in practises such as portal juggling anyway.

Overvaluing costing homeowners thousands

This leads us on to another recent story reported in the Telegraph.  A new Which? study  found that 1 in 5 properties sold in England and Wales had been heavily reduced from the original asking price.  This is something we wrote about last year, in our post ‘Is the market declining or correcting?‘  A high valuation for your home may seem exciting and flattering.  But if it isn’t realistic it will only lead to disappointment and disillusionment.  We always offer a free property valuation with a realistic price as to what we think we can sell your home for.

The big vs local estate agent debate

A final story that caught our eye was this debate on the Homeowners Alliance website about whether big estate agency brands are better than local high street firms.  Their research using their EstateAgent4Me tool showed that home sellers could be missing out on thousands of pounds by opting for well-known estate agent chains rather than local options.  To get the best price for your home, those with a larger share of their local housing market were more likely to sell a property and to achieve the asking price.

At Check 4 Houses we aim to offer the best of both these worlds.  Our local team has all the knowledge of a traditional high street agent, but at the cost of an online agent.  We can sell your property from as little as £599 or 0.5%+VAT.  This could save you thousands when compared to standard agency fees.  We offer:

  • 24/7 national marketing
  • Unlimited photos
  • Accompanied viewings
  • Personal contact from start to finish
  • A price match guarantee*

Please contact us for a free, no obligation valuation on your home on 01252 819725 or info@check4houses.co.uk.  We would be delighted to help.

*See website for full terms and conditions of our price match guarentee